Flash estimates of the fourth quarter Resale Price Index - the first estimates based on a new method of calculation - showed a 1.4 per cent decline in the prices of Housing and Development Board flats over the previous quarter, the HDB announced on Friday (Jan 2). The newly-adopted Stratified Hedonic Regression method "will control for variations in flat attributes of the resale flats transacted, thus...
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Six in 10 existing owners of 900,000 Housing and Development Board (HDB) flats in Singapore continue to live in their first flat, which is "remarkably high", said National Development Minister Khaw Boon Wan in a blogpost on Wednesday (Dec 31). Of the 26 HDB towns and estates, Tanjong Pagar/Chinatown/Bugis had the highest percentage of owners still living in their first flat, at 77 per cent. Other high...
Prices for Housing and Development Board (HDB) flats have been moderating and the market shifting from a seller's to a buyer's market in 2014, but the shift is not yet complete, National Development Minister Khaw Boon Wan wrote on his blogpost on Monday (Dec 29). Mr Khaw wrote: "The shift is not yet complete and 2015 should see greater stability. We are scaling down the pace of construction but remain...
Property prices in the Republic have been moderating and National Development Minister Khaw Boon Wan expects this to continue into 2015. He was speaking to reporters after witnessing the handover of a completed Build-To-Order (BTO) project at Punggol on Monday (Dec 29). The event also marked the completion of 28,000 new flats this year - a record in recent years. The minister outlined his ministry's...
The Housing and Development Board (HDB) saw its deficit in the last financial year more than double to S$1.973 billion as it stepped up the building of homes. According to HDB’s annual report, its overall net deficit for the last financial year – from April 2013 to March 2014 – was S$1.973 billion before Government grants, up from S$797 million the previous year. Its home ownership segment...
Applications have opened for The Amore, an executive condominium (EC) project at Punggol Central. It is the last EC on the market without a resale levy and the deadline for applications is next Sunday (Dec 21). The 395-unit EC project is expected to be completed in 2018. It is selling at S$780 to S$800 per square foot. Some analysts Channel NewsAsia spoke to say property cooling measures have also...
Sales of executive condominiums (ECs) rose sharply in November even as other transactions in other forms of private property slowed, according to Urban Redevelopment Authority (URA) data released on Monday (Dec 15). A total of 1,758 ECs were launched last month, with 855 units sold. This marked a significant turnaround from October, when 90 ECs were sold with no new units launched. EC projects were...
The Housing and Development Board (HDB) will calculate its Resale Price Index (RPI) using a new methodology on its flash estimates of the fourth quarter of 2014, which are expected to be released in January next year. The RPI provides the general price trend of resale HDB flats, and was last revised in 2002. With the revision, the RPI will be calculated using a methodology that captures price...
The Housing and Development Board (HDB) will be sharing more details about a revised computation methodology for the Resale Price Index (RPI), as the existing one may not adequately reflect the resale market, said National Development Minister Khaw Boon Wan on Wednesday (Dec 3). In a blogpost, Mr Khaw said HDB has been working with a consultant from the NUS Department of Real Estate to review the RPI...
More than 7,500 flats have been launched for sale in a mix of mature and non-mature towns, the Housing and Development Board (HDB) said on Tuesday (Nov 25). The 7,568 flats on offer include 4,277 Build-To-Order (BTO) flats spread across six projects in Sembawang, Sengkang, Yishun and Tampines. Another 3,291 units will be offered under the Sale of Balance Flats (SBF) exercise - located in 11...